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nasty-shy [4]
3 years ago
5

Nuno owns a recording studio with high-quality equipment. He allows artists to schedule sessions based on their flexibility, and

he also allows them to bring their own sound engineer and work with him or her to achieve the desired result. As a result, his customers frequent his studio and recommend it to their friends and colleagues. The opportunity of _____ is highlighted in the given scenario.
Business
1 answer:
Leni [432]3 years ago
4 0

Answer:

As a result, his customers frequent his studio and recommend it to their friends and colleagues. The opportunity of providing personal customer service is highlighted in the given scenario.

Explanation:

To serve in a personalized way, it is essential to know your customers well. Nuno knew what the needs of customers attending a recording studio were. For this reason, Nuno equipped his study with the best material on the market, but gave his clients the freedom to schedule sessions based on their flexibility, and also allowed clients to take their own sound engineer and work with him for the best result. .

With this Nuno has established a personal customer service, and this has been the success of his recording studio.

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Question Mode Multiple Choice Question Preferred stockholders: Multiple choice question. have the right to receive dividends onl
Harlamova29_29 [7]

Answer:

d. have the right to receive dividends only in the years the board of directors declares dividends.

Explanation:

Preferred shareholders<u> have the right to receive dividends in the priority to the common shareholders of the company unit. </u> In other words, if there is sufficient funds with the company to declare dividends both to preferred and common shareholders, then in that case, preferred shareholders will be entitled the right to receive dividends first, and remaining amount will be distributed to common shareholders. Only that, they have this right only when the board of directors declares dividends.

4 0
3 years ago
For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for st
makkiz [27]

Answer:

Please check the attached image for the answers

Explanation:

Check the attached image for a clearer image of the table used in answering this question

A.

Cost of asset = c

Useful life = 5

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)

= 2 × (1/5) = 0.4 = 40%

Because the depreciation factor is 40%, the remaining book value after depreciation would be 60%.

Note that : Book value in year 1 = Cost of asset - Depreciation expense of year 1

Book value in year in subsequent years = previous book value - that year's depreciation expense

The book value in year 2: 0.6c x $51,000

Solve for c = 51,000 / 0.6 = 85,000

So, the book value in year 2 is $85,000

The book value in year 1 which is also the cost of the asset can be found using this equation : (2 / 5 ) x c = $85,000

Solve for c = $85,000 × (5/2) = $212500

The cost of the asset is $212,500

For asset b

Sum of the year Depreciation expense = (number of useful life remaining / sum of useful years) x (Cost of asset - Salvage value)

number of useful life remaining at year 2 = 7

Sum of useful life = 1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 = 36

The equation for year 2 depreciation : (7/36) × ($40,000 - Salvage value) = $7,000

0.194444 × ($40,000 - Salvage value) = $7,000

Make salvage value the subject of the formula and solve

Salvage value = $4,000

For asset c,

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Inputting the values given for asset C into the above equation: ($103,000 - $13,000) ÷ useful life = $9,000

= $90,000 / useful life = $9,000

Solve for useful life, useful life = 10 years

For asset D,

To find the depreciation method used , we have to employ trial and error method. We would try all the depreciation methods available and determine which depreciation method would give us the depreciation value of $23,900

I would start with the straight line depreciation method Deprecation method.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

= ($268,000-$29,000)/10 = $23,900

From the above calculation, the depreciation method used is the straight line depreciation method.

For asset E,

The 150% declining method = Depreciation factor x cost of the asset

Depreciation factor = 1.5 x (1/useful life)

1.5 x (1/8) = 0.1875

To derive the depreciation expense in year 2, the book value at the beginning of year 2 has to be determined. To determine the year 2 book value, the depreciation expense in year one has to be determined.

Year 1 depreciation expense = 0.1875 x $219,000 = $41,062.50

Year 2 , book value = $219,000 - $41,062.50 = $177,937.50

Depreciation expense in year 2 = 0.1875 x $177,937.50 = $33,363.28

I hope my answer helps you

7 0
3 years ago
Carrington Corp. uses a periodic system and the LIFO method. Carrington had beginning inventory of 30 units purchased at $120 ea
dimulka [17.4K]

Answer:

the cost of ending inventory is $1,680

Explanation:

The computation of the cost of ending inventory is shown below:

But first determine the ending units

Ending inventory units is

= 30 units + 34 units + 61 units + 160 units -271 units

= 14 units

Now

The Cost of ending inventory is

= 14 units × $120

= $1,680

hence, the cost of ending inventory is $1,680

And, the same is to be considered

5 0
2 years ago
Amy has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accoun
lara31 [8.8K]

Answer:

<em>a) Trade can make everyone better off </em>

Explanation:

In business, it is common to see trades. If the startup agrees to maintain an accounting firm's website in EXCHANGE for the tax returns, that is called trading since you are giving one thing for another.

Hope this helps! :)

3 0
3 years ago
A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg
astra-53 [7]

Answer:

It will increase by 50%

Explanation:

Equity is given as: credit - short market value.

Find attached below table of solution

4 0
3 years ago
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